tag:blogger.com,1999:blog-6616959642391988608.post6090917139854270595..comments2015-08-02T05:02:03.464-07:00Comments on Calafia Beach Pundit: More signs of a housing upturnScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-44944786976731872372012-10-10T07:23:36.155-07:002012-10-10T07:23:36.155-07:00Due to the bubble, more people were able to buy ho...Due to the bubble, more people were able to buy houses and own something for once in their lives. Of course, for that to happen, millions suffered unemployment and bankruptcy. In Argentina (and I talk about this country because I have lived there and know the economic situation) properties are seen as the best investment possible due to the lack of economic stability so the <a href="http://www.4rentargentina.com" title="Argentina apartments" rel="nofollow">Argentina apartments</a> cost a lot of money. Most of the people who own one, own another that they use to rent it and get money from there: that is the investment!Carlahttp://www.blogger.com/profile/03834947660835630077noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41204462037762818432012-05-22T13:00:24.523-07:002012-05-22T13:00:24.523-07:00Unknown, knows the truth of the matter. It is anot...Unknown, knows the truth of the matter. It is another reason why Bank Bernank has a FedZero policy, for without it the housing affordability index would be making new records each and every month...<br /><br />Yes, and there is a related cost to this &quot;good news&quot; capital formation and interest returns...<br /><br />FHA, is still doling out 3.5% down loans, to keep the real estate candle burning...Hanshttp://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6110174980860787802012-05-22T10:12:02.619-07:002012-05-22T10:12:02.619-07:00Foreclosures Show No Sign of Decline (Per the WSJ)...Foreclosures Show No Sign of Decline (Per the WSJ)<br /><br />11.8% of all loans were at least 30 days past due or in foreclosure. And the banks are just sitting on them. 1 in 10 houses in the U.S. sits empty. We have NOT cleared supply. This will be going on for a while. <br /><br />http://online.wsj.com/article/SB10001424052702303448404577407982615943616.html?grcc=afba02eeab1e733e10a2cb0075501125Z3ZhpgeZ0Z20Z200Z25Z2&amp;mod=WSJ_hpp_sections_newsUnknownhttp://www.blogger.com/profile/12616454339935658018noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56939770769290121882012-05-22T10:03:59.703-07:002012-05-22T10:03:59.703-07:00“Phoenix: RealtyTrac identifies 6,611 “bank-owned”...“Phoenix: RealtyTrac identifies 6,611 “bank-owned” properties there. An Arizona realty website lists only 275 for sale.” (“Bankers Are Still Wrecking Housing Market Fundamentals”, Abigail Field, Firedog Lake)<br /><br /><br />Bottom? no way...<br /><br />By the way why do you keep using NAR statistics? They have proven time and time again that they blatantly lie in their stats.Unknownhttp://www.blogger.com/profile/12616454339935658018noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73281453591398313892012-05-22T10:02:26.706-07:002012-05-22T10:02:26.706-07:00“More than 80 percent of the repossessed homes in ...“More than 80 percent of the repossessed homes in the Portland area are off the market, The Oregonian newspaper reports …..at least part of the delay is likely a bookkeeping maneuver because the repossessed homes haven’t been marked down to their new market value….Another reason to delay selling the backlog is because home prices might crumble if a wave of properties hits the market at the same time.” (“Portland-area lenders slow to release shadow housing inventory”, The Republic)Unknownhttp://www.blogger.com/profile/12616454339935658018noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13846542628715064542012-05-22T10:02:02.720-07:002012-05-22T10:02:02.720-07:00This is a false bottom. The banks are keeping hous...This is a false bottom. The banks are keeping houses off the market to trick people into believing that prices have hit bottom. But prices haven’t hit bottom, in fact, they still have a long way to go. <br /><br />“Lenders hope they can solve all their problems by making the housing market hit bottom. If prices bottom, people who bought at the bottom gain equity with rising prices, and they in turn reignite the move-up market which will allow the banks to sell their high-end shadow inventory. Further, rising prices makes for fewer short sales and fewer foreclosures and distressed sellers become equity sales. Rising prices would be a panacea for lenders, which is why the full weight of our government and the federal reserve is working to make house prices go back up. …. they hope they can create an artificial bottom and momentum to carry them through the liquidation of their distressed inventory.” (“11.8% of all loans at least 30 days past due or in foreclosure”, OCHousing News)Unknownhttp://www.blogger.com/profile/12616454339935658018noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81520590336862076262012-05-22T09:54:06.717-07:002012-05-22T09:54:06.717-07:00Different areas are experiencing different paths o...Different areas are experiencing different paths of course. Here is today&#39;s headline from the Austin American Statesman:<br /><br />-----<br /><br />&quot;It&#39;s now a seller&#39;s market in Central Texas, real estate experts say&quot;<br /><br />The dwindling inventory is coming at a time of rising demand, making for the tightest supply that housing expert Mark Sprague said he has seen in more than 30 years tracking the region&#39;s market.<br /><br />------<br /><br />Multi-family (apartments) have seen prices increase over 20% this year. Prices now exceed what they were before the bust. I know this personally because I&#39;ve been looking to buy for about that long, but kept getting outbid.randyhttp://www.blogger.com/profile/16368254229927808998noreply@blogger.com